Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Thursday, March 22nd will be paid a dividend of 0.125 per share by the investment management company on Thursday, March 29th. This represents a $1.50 annualized dividend and a yield of 7.71%. The ex-dividend date is Wednesday, March 21st.

Shares of Tortoise Power & Energy Infrstrct Fd (TPZ) traded up $0.31 during midday trading on Monday, reaching $19.46. The company’s stock had a trading volume of 14,976 shares, compared to its average volume of 33,027. Tortoise Power & Energy Infrstrct Fd has a 52 week low of $18.81 and a 52 week high of $23.38.

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About Tortoise Power & Energy Infrstrct Fd

Tortoise Power and Energy Infrastructure Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary objective is capital appreciation. It seeks to invest primarily in fixed income and dividend-paying equity securities of power and energy infrastructure companies.